Abits Group management commentary links first-half 2026 revenue decline of 20% to lower Duff Bitcoin output, weaker market
Bitget2026/10/15 21:02- Abits Group management commentary reported a first-half 2026 pretax loss of $2.54 million, versus $0.34 million a year earlier.
- Revenue fell 20% to $3.2 million, which management attributed to weaker Bitcoin prices and lower Duff output.
- Duff’s Bitcoin production declined 23%, while revenue at the site dropped 46% to $1.81 million.
- Memphis contributed $1.2 million in revenue, partially offsetting the decline at Duff.
- Direct costs rose 48% to $2.76 million, mainly reflecting full recognition of $1.05 million in Memphis hosting fees, including electricity.
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